Dubai Multi Commodities Centre (DMCC) has announced that Indian-registered businesses at DMCC have crossed 4,080, following 9 per cent growth over the past year.
India now accounts for more than 15 per cent of DMCC’s total member base, making it the free zone’s largest international business community.
The milestone was announced during DMCC’s Made For Trade Live roadshow stops in Pune and Mumbai, where the organisation met with around 250 business leaders, investors and entrepreneurs to discuss international expansion through Dubai.
“The UAE and India have built one of the world’s fastest-growing economic partnerships, and the continued expansion of our Indian business community reflects that momentum. Today, more than 4,080 Indian companies have chosen DMCC as their international base, representing 9% growth over the past 12 months, making India our largest overseas business community. From technology and finance to precious stones, precious metals, maritime services, and agri-commodities, Indian businesses are increasingly using Dubai as a platform to expand internationally. As our two countries work towards the shared ambition of USD 200 billion in bilateral trade by 2032, we see significant opportunities to deepen trade, investment, and commercial collaboration,” Ahmed bin Sulayem, Executive Chairman and CEO, DMCC said in a statement.
The announcement sits within a broader backdrop of accelerating UAE-India trade. Since the Comprehensive Economic Partnership Agreement came into force in 2022, bilateral trade has grown by almost 37 per cent, surpassing USD 100 billion last year. Non-oil trade exceeded USD 65 billion, reaching the original CEPA target five years ahead of schedule. Both countries are now targeting USD 200 billion in bilateral trade by 2032.
Indian companies at DMCC are active across the free zone’s specialised ecosystems, spanning technology, precious stones, precious metals, energy and agri-commodities. DMCC itself is home to over 26,000 member companies, contributes 15 per cent of Dubai’s annual foreign direct investment, and accounts for 7 per cent of the emirate’s GDP.
